How to Manage Risk Investing in a pre launch property :

Investing in pre-launch properties in Lagos can be an exciting opportunity, but it's also important to approach it with caution.

RISKS ASSOCIATED WITH PRE-LAUNCH PROPERTIES:

1. The project at this stage might not have the necessary approvals

2. Getting the necessary approvals may take long and, therefore, can cause a delay in project completion.

3. In an extreme case, there is a possibility of the project getting cancelled if the developer cannot raise sufficient funds.

What should buyers do?

1. Invest through a reputable company

2. Carry out search on the land.

3. Fine out if they have the company truly have a deed of assignment with the families of the land.

4. Go for physical or virtual inspection

5. Do not pay all at once (minimize the risk)

WATCH what you can build on a 300sqm here :
https://www.youtube.com/watch?v=Usu6l4A1ID0

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